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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

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    Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
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  • Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

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    A Trend of Adult literacy rates of African countries

    Between 2018 and 2021, adult literacy rates across African nations exhibited significant disparities. Seychelles and South Africa led with literacy rates of 96% and 95%, respectively, indicating a high proportion of literate adults. Conversely, Chad had the lowest literacy rate during this period.

    These statistics underscore the uneven progress in educational attainment across Africa, highlighting the need for targeted interventions to improve literacy in lower-performing nations.

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  • Top ten African countries by estimated number of films produced annually

    The Nigerian movie industry, mainly financed via public or private funding and international grants, produces the most films in Africa, yearly. Nigeria produced more than double the number of films that the Ghanaian and Kenyan movie industries produce annually.

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    Nigeria was the seventh most populous nation in the world in 2020, with 206.1 million people. Projected to reach a population of 401.3 million by 2050, Nigeria will rank third after India (1st) and China (2nd). According to Institut national d'études démographiques' projections, Nigeria, Ethiopia, DR Congo, Egypt, Tanzania, and Kenya will be among the world’s top 20 most populous countries by 2050.

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  • MTN Nigeria has dominated the country's telecommunications market over the years, accounting for the largest market share. All four operators, apart from 9mobile, recorded a significant increase in their subscriber base between May 2014 and March 2024.

    See more
  • Only 10% of Nigerians earn above ₦100,000, according to the Nigerian Financial Services Market Report. This aligns with most reports about Nigeria, and it's in sharp contrast to the narratives online.
    See more

  • Inflation rate in Nigeria increased to 31.7% in February 2024. Nigeria has the 13th highest inflation rate out of 186 countries and territories as of February 2024.

    The data showcases Argentina leading with 276%, followed by Lebanon and Syria. Seven of the top fifteen are African.

    See more
Other Insights
 

Key Takeaways:

  • Aradel Holdings led with ₦247.79 billion in PAT, marking a 361% year-on-year growth.
  • Oando and Seplat Energy followed with ₦220.12 billion and ₦214.25 billion in PAT, respectively.
  • Eterna Plc recorded a significant turnaround with 114% year-on-year growth, recovering from a loss in 2023.
  • The sector experienced widespread profitability gains, reflecting stronger market dynamics and operational improvements.
  • Profit after tax growth across the sector ranged from 15% to 361%.
  • Nigeria's oil & gas sector delivered a combined profit totalled ₦730 billion in 2024.
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Key Takeaways:

  • The sector’s total PAT rose by 28% from ₦31.68 billion in 2023 to ₦40.49 billion in 2024.
  • Chapel Hill Denham Nigeria Infrastructure Debt Fund remained the top earner with ₦19.59 billion, despite a modest 4% year-on-year decline.
  • Julius Berger and UPDC REIT also posted strong profits, contributing significantly to the overall performance.
  • UPDC Plc recorded the strongest profit growth, surging by nearly 278% from ₦221.5 million in 2023 to ₦836.9 million in 2024.
  • Ronchess Global Resources Plc significantly narrowed its losses by over 64%, though it remained in negative territory.
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Key Takeaways:

  • Seplat Energy recorded the highest EPS in 2024 at ₦385.61, up from ₦92.75 in 2023.
  • Aradel Holdings posted the strongest growth, with a 361% increase in EPS from ₦12.37 to ₦57.03.
  • Eterna PLC reversed its negative EPS in 2023, reporting ₦1.03 in 2024.
  • All listed companies reported positive earnings in 2024, compared to 2023.
  • Three companies grew their EPS by more than 200%.
See more
 

Key Takeaways:

  • SFS REIT reported the highest EPS in 2024 at ₦21.50, up from ₦14.50 in 2023.
  • UPDC Plc achieved the most significant growth, with EPS rising fivefold from ₦1.00 to ₦5.00.
  • Most companies posted improved EPS, reflecting stronger earnings and better shareholder returns.
  • Ronchess Global Resources reduced its loss per share by 68%, from -₦71.50 to -₦23.15.
  • Julius Berger and UPDC REIT recorded steady EPS growth of 23% year-on-year.
See more
 

Key Takeaways:

  • Meyer Plc recorded the highest EPS in 2024 at ₦59, up from ₦47.
  • Beta Glass had the largest year-on-year EPS growth, more than doubling from ₦10.74 to ₦22.71.
  • Among cement producers, Dangote Cement led with EPS rising to ₦29.74 from ₦26.47.
  • Notore Chemical Industries reduced its losses by 33%, improving EPS from -₦70.87 to -₦47.45.
  • Most listed firms recorded higher EPS, indicating improved profitability and operational efficiency.
  • Lafarge Africa, CAP Plc, and Berger Paints reported steady EPS growth.
  • Notore Chemical remained the only company with a negative EPS.
  • Austin Laz & Co maintained a flat EPS of zero for both years.
See more
     
  • MTN remains the market leader, growing from 26 million subscribers in 2013 to 75 million by early 2025.
  • MTN's market share was 53.10% in early 2025, with over 75 million active data subscribers.
  • Airtel saw consistent growth, rising from 8.2 million in 2013 to 48.7 million in 2025, now commanding over 34% market share.
  • Globacom’s data subscriber base peaked in 2023 at 43.7 million but fell sharply by 2025 to 15.8 million.
  • 9mobile's market share in 2025 dropped to just 1.29% from its 2016 peak of 16.31%.
  • Globacom’s market share dropped significantly from its peak of 29.27% in 2017 to 11.16% in 2025.
  • Airtel doubled its market share from 18% in 2013 to 34% in 2025.
  • 9mobile's data subscriber base crashed by 88% from its 2016 peak to less than 2 million in 2025.
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  • Mohamed Salah leads with 186 goals, ranking 5th all-time in Premier League history.
  • Sadio Mané (111 goals) and Didier Drogba (104 goals) are the only other Africans to cross the 100-goal mark.
  • Yakubu Aiyegbeni is Nigeria’s top scorer in the Premier League with 95 goals.
  • Emmanuel Adebayor (Togo) ranks 4th among Africans with 97 goals.
  • Yaya Touré, though a midfielder, scored 62 goals, making him one of the most prolific African midfielders in league history.
  • The presence of three Nigerians—Yakubu, Kanu, and Efan Ekoku—shows Nigeria’s enduring legacy in the league.
  • Côte d'Ivoire also boasts of three players among the top 10 list.
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  • In every year from 2013 to 2025, over 65% of JAMB candidates scored below 200.
  • The highest share of candidates scoring 200 and above was 34.3% in 2016.
  • The years 2015 and 2016 marked the most significant shifts in performance, with over 30% scoring 200+.
  • The year 2021 recorded the lowest share of high scorers (12.9%) after 2013 and 2014.
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  • Migrants living in Nigeria sent out over $3.2 billion in personal remittances between 2000 and 2023.
  • The year 2015 recorded a sharp and unusual outflow of $1.04 billion, the highest by far in the entire 24-year span.
  • After 2015, remittance outflows sharply declined, stabilising below $100 million from 2018 onward.
  • Prior to 2015, outflows were consistently under $110 million annually, indicating a major anomaly in that spike year.
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  • Nigeria received a total of approximately $430 billion in remittances between 2000 and 2023.
  • The highest amount recorded was in 2018, when remittances peaked at $24.31 billion.
  • In 2020, inflows dropped significantly to $17.21 billion due to the global COVID-19 crisis.
  • Between 2021 and 2023, remittances remained stable, averaging around $19.7 billion per year.
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  • Meta’s revenue reached $42.3B in Q1 2025, more than triple its Q1 2018 revenue, marking a steep and sustained growth curve.
  • Net income surged to $16.6B, its highest in a first quarter, reflecting efficient cost structures and monetisation strategies.
  • The U.S. alone contributed 26.1% of this revenue, followed by Asia Pacific (15.8%) and Europe (7.4%).
  • The “Rest of the World” brought in over 50% of Meta’s total revenue, highlighting a growing influence from emerging markets, including Africa.
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Key Takeaways:

  • In 2024, ten publicly listed banks donated more than ₦20.97 billion to host communities.
  • Access Holdings Plc led the list with ₦6.74 billion, accounting for nearly 32% of total donations.
  • The top three banks (Access, Zenith, and UBA) contributed around ₦13.6 billion, or 65% of total donations.
  • Donations ranged between ₦113 million (Jaiz Bank) and ₦6.7 billion (Access Holdings).
  • Jaiz Bank donated the smallest proportion, 0.54%.
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1 2 3 … 81
Key Takeaways:
  • Aradel Holdings led with ₦247.79 billion in PAT, marking a 361% year-on-year growth.
  • Oando and Seplat Energy followed with ₦220.12 billion and ₦214.25 billion in PAT, respectively.
  • Eterna Plc recorded a significant turnaround with 114% year-on-year growth, recovering from a loss in 2023.
  • The sector experienced widespread profitability gains, reflecting stronger market dynamics and operational improvements.
  • Profit after tax growth across the sector ranged from 15% to 361%.
  • Nigeria's oil & gas sector delivered a combined profit totalled ₦730 billion in 2024.
Read more
Key Takeaways:
  • The sector’s total PAT rose by 28% from ₦31.68 billion in 2023 to ₦40.49 billion in 2024.
  • Chapel Hill Denham Nigeria Infrastructure Debt Fund remained the top earner with ₦19.59 billion, despite a modest 4% year-on-year decline.
  • Julius Berger and UPDC REIT also posted strong profits, contributing significantly to the overall performance.
  • UPDC Plc recorded the strongest profit growth, surging by nearly 278% from ₦221.5 million in 2023 to ₦836.9 million in 2024.
  • Ronchess Global Resources Plc significantly narrowed its losses by over 64%, though it remained in negative territory.
Read more
Key Takeaways:
  • Seplat Energy recorded the highest EPS in 2024 at ₦385.61, up from ₦92.75 in 2023.
  • Aradel Holdings posted the strongest growth, with a 361% increase in EPS from ₦12.37 to ₦57.03.
  • Eterna PLC reversed its negative EPS in 2023, reporting ₦1.03 in 2024.
  • All listed companies reported positive earnings in 2024, compared to 2023.
  • Three companies grew their EPS by more than 200%.
Read more
Key Takeaways:
  • SFS REIT reported the highest EPS in 2024 at ₦21.50, up from ₦14.50 in 2023.
  • UPDC Plc achieved the most significant growth, with EPS rising fivefold from ₦1.00 to ₦5.00.
  • Most companies posted improved EPS, reflecting stronger earnings and better shareholder returns.
  • Ronchess Global Resources reduced its loss per share by 68%, from -₦71.50 to -₦23.15.
  • Julius Berger and UPDC REIT recorded steady EPS growth of 23% year-on-year.
Read more
Key Takeaways:
  • Meyer Plc recorded the highest EPS in 2024 at ₦59, up from ₦47.
  • Beta Glass had the largest year-on-year EPS growth, more than doubling from ₦10.74 to ₦22.71.
  • Among cement producers, Dangote Cement led with EPS rising to ₦29.74 from ₦26.47.
  • Notore Chemical Industries reduced its losses by 33%, improving EPS from -₦70.87 to -₦47.45.
  • Most listed firms recorded higher EPS, indicating improved profitability and operational efficiency.
  • Lafarge Africa, CAP Plc, and Berger Paints reported steady EPS growth.
  • Notore Chemical remained the only company with a negative EPS.
  • Austin Laz & Co maintained a flat EPS of zero for both years.
Read more
 
  • MTN remains the market leader, growing from 26 million subscribers in 2013 to 75 million by early 2025.
  • MTN's market share was 53.10% in early 2025, with over 75 million active data subscribers.
  • Airtel saw consistent growth, rising from 8.2 million in 2013 to 48.7 million in 2025, now commanding over 34% market share.
  • Globacom’s data subscriber base peaked in 2023 at 43.7 million but fell sharply by 2025 to 15.8 million.
  • 9mobile's market share in 2025 dropped to just 1.29% from its 2016 peak of 16.31%.
  • Globacom’s market share dropped significantly from its peak of 29.27% in 2017 to 11.16% in 2025.
  • Airtel doubled its market share from 18% in 2013 to 34% in 2025.
  • 9mobile's data subscriber base crashed by 88% from its 2016 peak to less than 2 million in 2025.
Read more
1 2 3 … 161
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